Interisland cargo shipments rise as economy improves

Intrastate cargo shipments were up 1.5 percent in 2013, up from 2012, according to a new report from Young Brothers Ltd.

Some 0.6 percent of the annual increase came during the fourth quarter.

"We turned the corner in 2013, but we still have a long way to go relative to the boom period we experienced during the middle of last decade," said Glenn Hong, Young Brothers president, in a statement.

"Cargo volumes started coming back in the second quarter last year and maintained relative strength to finish 2013 with some growth."

For the 12-months ending Dec. 31, 2013, all but one neighbor island port saw increased cargo shipments. Rising volume was reported at Kahului, Maui, 1.0 percent; Hilo, at 2.1 percent; Nawiliwili, Kauai, by 4.5 percent; Kaunanakai, Molokai, by 7.2 percent, and by far the smallest port by way of volume, Kaumalapau, Lanai, saw the largest percentage increase at 20.7 percent.

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HAJAA1wrote:

YB. Pffft. Union-backed crybabies. I pray for the day they receive some serious competition. I'm calling Larry Ellison.

on February 19,2014 | 10:11AM

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Aquarius1wrote:

Mr. Hong, are you doping anything to reduce your labor cost, which represents a large piece of the expenses pie chart, 2/3 if not almost 3/4? In a competitive market, you have to do more than just raise prices.